Taxable gift

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student
8138 Points Posted on 02 April 2021

Is gift from father in law taxable?

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On 02 April 2021 at 21:52 Report
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Quick Summary
Generally, gifts received from a father-in-law are not subject to UK inheritance tax. However, it's important to be aware of potential 'clubbing of income' provisions, which might apply in certain circumstances and could affect your income tax liability.

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Chartered Accountant
24588 Points Posted on 02 April 2021
No it is not taxable
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On 02 April 2021 at 22:02
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17269 Points Posted on 03 April 2021
Not taxable but clubbing of income provisions would apply
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On 03 April 2021 at 09:32
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Chartered Accountant
5010 Points Posted on 03 April 2021

No not taxable. 

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On 03 April 2021 at 12:30
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2742 Points Posted on 11 April 2021
Not taxable
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On 11 April 2021 at 20:30

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